Reliance — formidable player in polyester fibre and yarn business

Reliance is a formidable player in the polyester fibre and yarn business, with a global Marketshare of 7%.

The acquisition (of assets of Hualon, Malaysia, by RIL in September 2007) has increased the polyester capacity by 25% to 2.5 million tonne per annum. The new 2.5 million tonne per year paraxylene manufacturing facility in Jamnagar will provide a platform for growth in the polyester business in India and abroad, said said Mukesh Ambani, chairman and managing director, RIL, at the 34th annual general meeting of the company in Mumbai.